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It's not invalid. Ask yourself why that one quarter at 31.3% didn't raise the 5 year average by much.
Maybe because there's 20 quarters in 5 years, and one quarter has at best a weight of only 4.8% on that time span?
Maybe because there was this thing called a pandemic during those five years, and people reduced their driving and reduced their gasoline consumption for some of those 20 quarters?
Maybe because we're talking about now, and not a 5 year span?
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If going forward there is a significant increase in the average 5 year profit margin, you'd have a point. But for now, you don't.
One can say the same thing about the price of gasoline. But this is a thread with people complaining about $5 per gallon gas, with some expecting the price to go even higher.
It's happening in the here and now - that's my point. Dragging past history into the discussion is mere deflection from that point.
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Originally Posted by InformedConsent
You're ignoring the fact that necessities such as food have to be transported for distribution. That takes gas. So higher gas prices raise the cost of everything else.
There are other things to get all wrapped around the axel about, it seems.
We haven't had any inflation in as long as I can remember. Prices for food, in the last 30 years have remained virtually stable.
I don't have an expectation that will continue forever.
Yes, prices will go up.
And people who live very close to the bone will be hurting, as they are always the ones who take the brunt of any difficulty.
But to offset that, places that paid 8 bucks an hour now have marquees advertising 15 bucks starting.
That's to do with American town and city planning also being built entirely around the idea of driving everywhere to be honest.
Very true...but I have noticed here in Cleveland at least, increased ridership on our Light Rail and RTA Bus System.
I've also noticed a little less congestion in my morning and evening commutes. Many people are also changing up small things like, combining trips...I'm no longer doing grocery shopping on Saturdays like I used to...I'll do it one of th evenings after work. I still go out downtown sometimes, and I no longer drive to go there, I'll take the rapid (light rail).
Very true...but I have noticed here in Cleveland at least, increased ridership on our Light Rail and RTA Bus System.
I've also noticed a little less congestion in my morning and evening commutes. Many people are also changing up small things like, combining trips...I'm no longer doing grocery shopping on Saturdays like I used to...I'll do it one of th evenings after work. I still go out downtown sometimes, and I no longer drive to go there, I'll take the rapid (light rail).
Can you post ridership numbers? From what I understand is that public transit use has been in steady decline nationwide since about 2014.
I'm not going to even go to COSTCO where it is 15 cents cheaper, so, $2.25 less per tankful, because COSTCO gas stations are a soul crushing experience.
A fountain drink, per ounce, costs more than super unleaded. So does drinking water. Nobody cares.
I dont drink fountain drinks and get my water free from my tap. I do however have to get to work and back and occasional stops to the grocery and retail store, post office, doctor, vet, etc. which requires buying gas.
According to every chart I've studied, 25% of the increase at the pump stems from cuts in domestic production; along with Ukraine situation.
Here, it has doubled in price; so am curious as to where the other 75% originates.
As it appears price gouging by oil companies is the culprit.
Biden is right on this one if such is the case.
There's nothing he can do, price controls would only cause them to create shortages.
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